Self destructing from within - Anonymous employee Veritiv Employee Review

1.0
4 May 2019
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Company still has the capital to make payroll, very reluctant to layoff unnecessary employees, seems to hoard them while employers in the area are in desperate need of workers.

Cons

Veritiv is following the path of businesses like Sears and Kmart, unable to compete in today's market. About two dozen regional managers have been reduced to nearly 11, the Senior Vice President and Chief Human Resources Officer has left the company, senior Sales Reps have resigned, price increases have driven customers away making Veritiv uncompetitive and no longer relevant. Our division has lost about 50% of sales volume in the span of one year. On any given day some of the delivery drivers are out of work, paid not to drive. Other warehouses are currently being closed down as are some customer service centers. Last year alone Veritiv's year end net loss was -$15.7 million, while the CEO was given a $779,513 bonus. Guess when you lose, you win.

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Veritiv Response
7y
Thank you for sharing your opinion. Our team remains committed to the strategy of investing in higher growth, higher margin businesses, including the Packaging segment and services offerings while protecting the company’s leading market positions in Facility Solutions, Print and Publishing. As a part of this strategy and our commitment to Operational Excellence and Customer Focus, we continue to review our distribution network needs in the markets where we operate. Over the past year, Veritiv has been optimizing our network by opening new facilities, moving customer inventory to be more geographically advantageous, and consolidating due to duplicate facilities. We encourage all employees to speak with their managers and/or HR Business Partners with any questions or concerns.

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5.0
30 Apr 2026
Recommend
CEO approval
Business outlook

Pros

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Cons

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2.0
27 May 2026
Recommend
CEO approval
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Pros

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Cons

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